1. : 2011 PitchBook’s 2011 Annual PE Presentation Deck Request a demonstration or training: Email: demo@pitchbook.comdemo@pitchbook.com Phone: 1-877-267-5593 For additional analysis or slides: Email: research@pitchbook.comresearch@pitchbook.com Phone: 1-877-636-3496

2. About the PitchBook Platform PitchBook is an independent and impartial research firm dedicated to providing premium data, news and analysis to the private equity industry. As a specialty-focused information resource, PitchBook's core strength is its ability to meticulously collect, organize and analyze hard to find private equity and venture capital deal and fund data. PitchBook’s mission is to provide its clients with the highest quality private equity information, with an acute focus on deals and companies. PitchBook aims not only to offer market-leading proprietary data, but to also provide the tools that help industry professionals effectively find, share and use information to make better decisions.

3. Exits Investment Fundraising Three Aspects of Private Equity Fundraising, Investment & Exits Trends

4. Private Equity Investment

5. Capital Invested in 2010 2.2x more than 2009 Number of Deals Closed and Total Capital Invested by Year Source: PitchBook

6. 4Q 2010 Capital Invested 6.25x more than 2Q 2009 Number of Deals Closed and Total Capital Invested by Quarter

7. Middle-Market Deal Activity Increases Percentage of Deal Volume (count) by Deal Size Range

8. 70% of Capital Invested in Deals Over $500M Percentage of Deal Volume (capital) by Deal Size Range

9. Midwest is the Top Region for PE Investment Percentage of Deal Volume (count) by Region

10. B2B Holds Onto Highest Volume of Deals Percentage of Deal Volume (count) by Industry

11. B2C Capital Invested Increased 3.8x from 2009 Percentage of Deal Volume (capital) by Industry

12. Add-ons % Climbs for the 6 th Straight Year Add-on Deals as Percentage of Buyout Deals

13. Deals Under $1B Require More Equity Percentage of Equity Used in Buyouts

14. Private Equity Exits

15. 4Q 10 Exits Up 3.8x from low in 1Q 09 Quarterly PE Exits by Corporate Acquisition, IPO and Secondary Sale Percentage of capital invested by industry

16. 2010 3 rd Best Year for Exits on Record Annual PE Exits by Corporate Acquisition, IPO and Secondary Sale Percentage of capital invested by industry

17. Exits Shift Back Toward Secondary and IPO Percentage of PE Exits by Type Percentage of capital invested by industry

18. Median Exit Value Jumps in 2010 Median Exit Size ($M) Percentage of capital invested by industry

19. PE Firms Holding onto Companies Longer Average Time from Buyout to Exit Percentage of capital invested by industry

20. Portfolio Company Overhang Keeps Building with 4,000 PE Investments Now 5-Years or Older Number of Private Equity-Owned Companies Percentage of capital invested by industry

22. Private Equity Fundraising

23. PE Funds Struggle to Close in 2010 Number of Funds Closed and Total Capital Raised by Year

24. 2H 2010, Worse 6 Months Since 2003 Number of Funds Closed and Total Capital Raised by Quarter

25. Time Spent Fundraising 2010 Vintage Almost Doubles from 2007 Vintage Average Time Spent Fundraising by Close Year

26. Middle Market Funds Raise Majority of Capital Percentage of US PE Funds (Count) by Size

27. $1B - $5B Funds Dominate Capital Raised Percentage of Capital Raised by Size – US Funds

28. PE Investors Siting on $490B of Dry Powder Capital Overhang of US PE Investors by Vintage Year

29. Contact PitchBook We welcome and encourage you to request a FREE TRIAL of the PitchBook Platform. To schedule a demonstration of the PitchBook Platform, please contact us by phone, email or through our website, www.pitchbook.com.www.pitchbook.com Sales Email: demo@pitchbook.comdemo@pitchbook.com Phone: 1-877-267-5593 Or for additional slides and analysis Research Email: research@pitchbook.comresearch@pitchbook.com Phone: 1-877-636-3496